BUSINESS INCUBATION CENTRES
The HEC supports the establishment of Business Incubation Centre's (BIC) in public sector universities to provide basic infrastructure and allied facilities for researchers and young entrepreneurs who are interested in developing early-stage business ventures. A business incubator's main goal is to produce successful firms that will leave the program financially viable and freestanding.
Business Incubators are companies which support new and startup companies in their initial development stage by providing an array of targeted resources and services. These services are developed or arranged by the business incubator and offered by it directly or through its network of contacts. Graduates of the business incubator programme create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies. Instead of creating job seekers we are turning new graduates into job providers.
So far Twenty Business Incubation Centers have been established at National University of Science and Technology; COMSATS Institute of Information Technology; University of Engineering and Technology, Peshawar; University of Agriculture, Faisalabad; University of Veterinary and Animal Sciences, Lahore; Sukkur Institute of Business Administration; Quaid-e-Azam University; Institute of Space Technology, Islamabad; Balochistan University of Information Technology, Engineering, and Management Sciences, Quetta; University of Malakand; Gomal University of D. I. Khan; University of Engineering and Technology, Lahore; Sindh Agriculture University, Tando Jam; University of Azad Jammu and Kashmir; University of Gujrat; NED University of Engineering and Technology; Karakoram University; Abdul Wali Khan University of Mardan; Government College University Faisalabad; and University of Haripur.